Is your suggestion backed by fundamentals or pure technical? What I see from the tech. viewpoint is a range-bounded price action that is now at the resistance and so far been rejected. A breakout from the range followed by a retest of the broken resistant (now support) may change my bias from bearish to bullish (although we are still in a downtrend [when looking at daily/weekly). Can you explain more about your justifications?
GBPUSD has Most of the volume for this month around 1.25896. Considering everything in the algorithm, it shows an upside move.
BardiaB2
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@jordvnflows, Thank you for sharing. However, I still don't understand the logic behind the signal. Yes, we are in a short term uptrend, yes we are close to a very important, high (trading) volume level (which means that we either gonna jump through it OR drastically get rejected). I hope you know why your "system" giving you the signal and can explain it to me.
P.S. Suggestion: When using Visible range (VPVR), make sure you are not locking in the scope (let's say 1 month).
jordvnflows
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@BardiaB2, This is the start of a long term trend. One indicator is above 80 [bullish] measuring the intensity of the trend. The other is an oscillator at a higher length and it shows a new upwards trend beginning. This occurred on the daily open, where this months POC is located. I'm not trying to convince you to go bullish, I'm just posting ideas that i'm forward testing.